A “Dream House” Owned By Sam Bankman-Fried In Washington Sold For $3.3 Million
- An alleged “entertainer’s dream home” in Washington owned by Sam Bankman-Fried (SBF) has been listed for sale for $3.3 million.
- The house was acquired by SBF’s own brother’s nonprofit organization.
- This property is only about a 15-minute walk from the United States Capitol.
A home in a prime Washington location owned by Sam Bankman-Fried (SBF) has sold for $3.3 million.
According to The Block, the 4-bedroom mansion in Washington, D.C., related to the former CEO of FTX SBF, is for sale for $3.3 million.
It was built in 2017. The residence is located at 420 Northeast Third Street in Washington, dubbed the “entertainer’s dream home,” about a 15-minute walk from the U.S. Capitol.
The unique thing is that the house was purchased for the same price last April by Guarding Against Pandemias, a pandemic prevention nonprofit founded by SBF’s brother Gabriel Bankman-Fried himself.
Earlier, according to sources from CNBC, Alameda Research, an affiliate of FTX, was also found to have donated more than $12 million to the nonprofit.
In November last year, SBF’s most potent empire collapsed in a flash by exposing irreparable holes in its financial statements.
Founder Sam Bankman-Fried is accused of running a multibillion-dollar scam with his investors by using customer deposits to buy assets, fund donations, and other investments trading of the hedge fund Alameda Research.
The investigation is still ongoing, but Sam has been released on bail with massive bail amounting to $250 million.
In addition to paying the bail, Judge Gabriel Gorenstein also ordered Bankman-Fried to be strictly supervised after being released on bail, namely the compliance with wearing an electronic monitoring bracelet and participating in psychological health counseling and travel restrictions.
In addition, the founder of FTX is also prohibited from making transactions worth more than $1,000 pending the trial.
Sam Bankman-Fried previously claimed his net worth was only $100,000, a crushing defeat for a man who once headed a $32 billion crypto empire.
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